Russia: Krivbass finishes washing season

The gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…

Kazakhstan: AMT blows BF3

Despite difficulties following the accident at pipelines, the ArcelorMittal Temirtau blast furnace shop employees were able to timely finish the scheduled repair of the blast furnace No. 3. The previous repair was carried out in November 2017. Following the present repair the pig iron output will reach 5.6-6 thousand tons per day. On November 21…

Russia: NLMK to increase electricity output

NLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…

Russia: Severstal-Metiz shares experience in road construction

Severstal-Metiz is participating in the First International Transport Infrastructure Forum in St. Petersburg. The participants are sharing their experience in road design and construction. Severstal-Metiz presented its own developments. Almost all of the major infrastructure projects in Moscow region have been created using the company products. “Infrastructure construction is one of the main industries for…

Russia: Borodinsky Pit exceeds annual coal output plan

Borodinsky Pit named after Schadov, a subsidiary of SUEK, has reached the annual coal output target in advance.

This year the target was 19 million tons of coal.

Until the end of the year the company plans to mine 2 million tons of coal more. (Ukrainian metal)

Russia: ChTPZ railroad sales down in October 2018

In October ChTPZ shipped 61.2 thousand tons of metal via railroad, down by 41.4% YoY.

In January-October sales reached 931 thousand tons, up by 1.9% YoY.

Deliveries to Russian customers totaled 764 thousand tons, up by 18% YoY, while exports fell by 37.2%, to 166.8 thousand tons. (Ukrainian metal)

Russia: Electrozinc still idle

On December 1 Electrozinc will start unloading the unfinished products from the rotary-kiln and hydrometallurgical shops. It is no longer possible to process these products, as the fire on October 21 destroyed the electrolysis shop. Zinc oxide, cake, clinker and the leftovers of the zinc concentrate from the warehouse will be sent for processing to…

Russia: Mechel IFRS net profit up in Q3 2018

The net profit attributable to shareholders of Russian metals and mining group Mechel soared to 6.304 billion rubles in July-September, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 3% QoQ, to 79.965 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 17%, to 19.206 billion rubles. In January-September…

Russia: Metalloinvest profit up in January-September 2018

In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion.

Revenue grew by 17.3%, to $5.342 billion and EBITDA – by 41.4%, to $2.183 billion.

The net debt/EBITDA ratio decreased to 1.3x from 1.9x as of December 31, 2017.

Capital expenses dropped to $320 million from $335 million. (Ukrainian metal)

Ukraine: pipe output up in January-October 2018

In January-October Ukraine increased output of ferrous pipes by 7.6% YoY, to 941.6 thousand tons, including 97.5 thousand tons produced in October. Ukrtruboprom association enterprises produced 677.8 thousand tons of pipes, up by 16.7% (68.3 thousand tons in October). Khartsyzsk Pipe Works, situated on the Russian terrorists-controlled lands, was idle. Interpipe-NTZ produced 240.9 thousand tons…

Russia: CherMK repairs blast furnace No. 2

Cherepovets Iron and Steel Works has commissioned the blast furnace No. 2 after capital repairs.

Investments in the repair totaled 1.3 billion rubles.

The repair will ensure stable operation of the blast furnace in the next 10 years.

The repair work lasted for 37 days. Some 280 specialists worked there daily. (Ukrainian metal)

Russia: ZSMK sales down in October 2018

In October ZSMK shipped 439.3 thousand tons of metal via railroad, down by 22.4% YoY.

In 10 months sales grew by 1.2%, to 5.22 million tons.

Domestic customers received 1.62 million tons, down by 6.4%, while exports grew by 5.1%, to 3.6 million tons. (Ukrainian metal)

Russia: ChMK sales down in October 2018

In October Chelyabinsk Iron and Steel Works decreased sales by 7.9% YoY, to 234.8 thousand tons.

According to the railroad statistics, in January-October it sold 2.63 million tons of metal, down by 3.5% YoY.

Domestic customers received 2.26 million tons, down by 6.2% YoY, and foreign – 370 thousand tons, up by 17.1%. (Ukrainian metal)

Ukraine: pellets exports in January-October 2018

In January-October Ferrexpo exported 8.41 million tons of iron ore pellets. In particular, Poltava GOK exported 6.3 million tons of pellets and Yeristovo GOK – 2.11 million tons. Metinvest exported 4.44 million tons of pellets, with 1.925 million tons exported by CGOK and 2.516 million tons by SevGOK. Karelsky Okatysh (Russia) shipped 4.438 million tons…

Kazakhstan: Fincraft Resources gets 22% in Petropavlovsk

The mining-metallurgical company Fincraft Resources has concluded a deal to consolidate 22% of Petropavlovsk plc shares by buying Fincraft Holdings Ltd.

The amount of the deal is not disclosed.

Fincraft Holdings Ltd (Cyprus) bought 22.42% in Petropavlovsk in late 2017. (Ukrainian metal)